(View OLD RULES for Students Matriculating Fall 2004 and Earlier)
1. All Economics majors must complete a minimum of ten courses with a grade point average of at least 2.00. When students repeat courses or complete more than the minimally required number of courses, the departmental GPA will be based on the set of courses that (i) satisfies all requirements for the degree and (ii) results in the highest GPA for the student. However, when a course is taken both at Rice and at another institution, the Rice grade will be used for departmental GPA calculations. Major requirements are not reduced for multiple majors, although some courses can satisfy the requirements for more than one major. (Please note that students may not pursue a double major in Economics and Mathematical Economic Analysis.)
2. The following courses are required for all Economic majors*:
ECON 211 - Principles of Economics I
ECON 370 - Microeconomic Theory
ECON 375 - Macroeconomic Theory
and
STAT 280 - Elementary Applied Statistics, or
STAT 310/ECON 382 - Probability and Statistics
and
ECON 446 - Applied Econometrics, or
ECON 400 – Econometrics
Please note that ECON 370 requires MATH 101 - Single Variable Calculus I (or both MATH 111- Fundamental Theorem of Calculus and MATH 112 - Calculus and its Applications) as prerequisites. We suggest that Economics majors take ECON 211, ECON 370, MATH 101, STAT 280 (or STAT 310/ECON 382), and ECON 446 (or ECON 400) as early as possible. Failure to take prerequisite courses in earlier years may cause scheduling problems in later years.
3.Given that item (2) has been satisfied, the five remaining required Economics courses must be selected from the following courses:
ECON 301 - History of Economic Analysis
ECON 340 – Introduction to Game Theory
ECON 348 - Organizational Design
ECON 355 - Financial Markets
ECON 400 – Econometrics
ECON 403/404 - Senior Independent Research
ECON 415 - Labor Economics
ECON 420 - International Trade
ECON 421 - International Finance
ECON 435 - Industrial Organization
ECON 436 – Regulation
ECON 437 - Energy Economics
ECON 438 - Business, Law and Economics
ECON 439 - Torts, Property, and Contracts
ECON 440 - Advanced Game Theory
ECON 445 - Managerial Economics
ECON 447/547 - Advanced Topics in Energy Economics
ECON 448 - Corporate Finance
ECON 449 - Basics of Financial Engineering
ECON 450 - World Economic and Social Development
ECON 451 - The Political Economy of Latin America
ECON 452 - Religion, Ethics, and Economics
ECON 455 - Money and Financial Markets
ECON 461 - Urban Economics
ECON 475 - Integer and Combinatorial Optimization
ECON 477 - Mathematical Structure of Economic Theory
ECON 479 – Applied General Equilibrium Modeling
ECON 480 - Environmental Economics
ECON 481 - Health Economics
ECON 482 - Distributive Justice: A Microeconomic Approach
ECON 483 - Public Finance: Tax Policy
ECON 484 - Public Expenditure Theory and Social Insurance
ECON 485 - Contemporary Economic Issues
ECON 486 - Contemporary Economic Issues, or
ECON 495 - Senior Seminar
4.No more than three courses taken after matriculation at Rice may be transferred from other schools. Additional transfer credits in Economics may count toward meeting University graduation requirements but not toward fulfillment of the departmental major requirements. AP credits and credits awarded to transfer students for courses taken prior to matriculation at Rice are not counted among the three allowed courses, but all students must complete more than half of their upper-level major work at Rice. In order to transfer Economics 211, the student must pass a qualifying examination. Students wishing to take the Economics qualifying examination must apply to the Economics Department office in Baker Hall 259. For additional information on transfer credits, consult “Procedures for Transfer Credit,” available in the Economics Department office.
5.Students may graduate with “Honors in Economics” by achieving a B+ (3.33) average in the ten courses presented for their economics degree and completing two semesters of independent research in their senior year. (For details, consult “Economics 403/404 – Senior Independent Research,”available in the Economics Department office.)
6.For additional course information consult “Economics Course Descriptions,” compiled by the Rice chapter of the Omicron Delta Epsilon National Economics Honor Society.
7. Please note that it is the responsibility of the student to satisfy all degree requirements, including the “University Credit Requirements” and “University Distribution Requirements” specified in the General Announcements. Students are advised that the relevant departmental requirements are those in effect on the day that the student declares Economics as their major. Consult with the appropriate departmental adviser, who must sign all registration forms for each major.
8.Students who are considering either graduate work in economics or a business or governmental job in which analytical and quantitative skills are required, should seriously consider obtaining the alternative major in Mathematical Economic Analysis.
James Brown, Undegraduate Studies Director
Peter Mieszkowski, Senior Adviser
John Bryant, Junior Adviser
Ronald Soligo, Sophomore Adviser
Anna Bogomolnaia, Mathematical Economic Analysis
Richard Boylan, Managerial Studies
Peter Mieszkowski, Policy Studies
Anna Bogomolnaia, 5-Year MA Program
Updated: Agusut 23, 2007